RMEx converts our client type to the METRO2 - client classification field:
RMEx client type --------------------------- Metro 2 - K1 segment - Client classification
- Blank ---------------------------------------------- 01 Retail
- M -------------------------------------------------- 02 Medical
- B -------------------------------------------------- 15 Check guarantee
- Q -------------------------------------------------- 15 Check guarantee
- U -------------------------------------------------- 10 Utilities
- A -------------------------------------------------- 14 Automotive
- T -------------------------------------------------- 11 Cable/cellular
- C -------------------------------------------------- 12 Financial
- 1 -------------------------------------------------- 07 Educational
501r Regulations for reporting Medical debt to the bureaus – Even though the credit bureau’s rule is “Do
not report Medical debts until they are at least 180 days past the Date of first delinquency”, the 501r Regulations state “You must report Medical debts in the following manner”:
- Non-profit facilities can credit report no sooner than 250 days past the Date of first delinquency
- For profit facilities can credit report no sooner than 180 days past the Date of first delinquency.
- RMEx controls this based on page 4 of the Client master, field - CCT code.
- CCT code 02 = 180 days (for profit) and
- CCT code A2 = 250 days (non-profit)
- We recommend you set up the proper CCT code as the CCT will control the reporting of Medical
accounts as outlined by the 501r Regulations. If the field is “blank” on the client master, the system will use the client type “M” to determine the CCT and default to 180 days.
- Other CCT Codes
- 01 = Retail
- 03 = Oil Company
- 04 = Government
- 05 = Personal Services
- 06 = Insurance
- 07 = Educational
- 08 = Banking
- 09 = Rental/Leasing
- 10 = Utilities
- 11 = Cable/Cellular
- 12 = Financial
- 13 = Credit Union
Keywords: Kbase RMEx Client Type Metro 2 credit reporting
Kailer@key2recovery.com
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